\begin{tabular}{l*{6}{c}} \toprule
                &\multicolumn{1}{c}{\textit{p} = 0}&\multicolumn{1}{c}{\textit{p} = 1}&\multicolumn{1}{c}{\textit{p} = 2}&\multicolumn{1}{c}{\textit{p} = 3}&\multicolumn{1}{c}{\textit{p} = 4}\\\cmidrule(lr){2-2}\cmidrule(lr){3-3}\cmidrule(lr){4-4}\cmidrule(lr){5-5}\cmidrule(lr){6-6}
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}\\
\midrule
\textbf{Panel A:} Brazil&                &                &                &                &                \\
\addlinespace
Conventional    &          -0.049&          -0.046&          -0.036&          -0.033&          -0.033\\
                & [-0.073,-0.024]& [-0.065,-0.027]& [-0.053,-0.018]& [-0.049,-0.018]& [-0.048,-0.017]\\
\addlinespace
Robust          &          -0.062&          -0.061&          -0.058&          -0.045&          -0.044\\
                &  [-0.125,0.001]& [-0.092,-0.029]& [-0.082,-0.033]& [-0.065,-0.025]& [-0.063,-0.024]\\
\midrule
\textit{N}      &            5093&           36492&           99970&          219803&          337689\\
Bandwidth       &            0.16&            0.95&            2.57&            5.65&            8.75\\
AMSE (conventional)&         0.00032&         0.00041&         0.00038&         0.00020&         0.00016\\
AMSE (robust)   &         0.00135&         0.00030&         0.00017&         0.00011&         0.00010\\
 

\midrule
\textbf{Panel B:} Colombia&                &                &                &                &                \\
\addlinespace
Conventional    &           0.057&           0.046&           0.039&           0.037&           0.035\\
                &   [0.033,0.081]&   [0.025,0.067]&   [0.017,0.060]&   [0.016,0.059]&   [0.012,0.059]\\
\addlinespace
Robust          &          -0.014&           0.037&           0.042&           0.035&           0.031\\
                &  [-0.070,0.041]&   [0.004,0.070]&   [0.013,0.072]&   [0.007,0.062]&   [0.002,0.061]\\
\midrule
\textit{N}      &            4254&           23618&           49302&           82394&           98243\\
Bandwidth       &            0.44&            2.21&            4.75&            8.76&           11.32\\
AMSE (conventional)&         0.00266&         0.00041&         0.00015&         0.00013&         0.00017\\
AMSE (robust)   &         0.00104&         0.00033&         0.00026&         0.00021&         0.00024\\
 

\midrule
\textbf{Panel C:} Denmark&                &                &                &                &                \\
\addlinespace
Conventional    &           0.326&           0.269&           0.225&           0.216&           0.185\\
                &   [0.293,0.359]&   [0.227,0.312]&   [0.178,0.272]&   [0.169,0.263]&   [0.134,0.237]\\
\addlinespace
Robust          &           0.172&           0.171&           0.165&           0.177&           0.163\\
                &   [0.112,0.233]&   [0.114,0.228]&   [0.105,0.226]&   [0.118,0.236]&   [0.099,0.227]\\
\midrule
\textit{N}      &            3285&            5943&            7081&            8404&            8842\\
Bandwidth       &            1.10&            2.75&            4.76&            9.02&           11.13\\
AMSE (conventional)&         0.01896&         0.00837&         0.00403&         0.00204&         0.00145\\
AMSE (robust)   &         0.00108&         0.00100&         0.00107&         0.00093&         0.00107\\
 
 
\midrule
\textbf{Panel D:} Finland&                &                &                &                &                \\
\addlinespace
Conventional    &           0.079&           0.056&           0.067&           0.088&           0.048\\
                &   [0.048,0.109]&   [0.028,0.084]&   [0.044,0.089]&   [0.066,0.110]&   [0.023,0.072]\\
\addlinespace
Robust          &          -0.037&          -0.010&           0.027&           0.031&           0.020\\
                &  [-0.111,0.036]&  [-0.059,0.039]&  [-0.003,0.058]&   [0.006,0.056]&  [-0.009,0.048]\\
\midrule
\textit{N}      &            3886&           20350&           78807&          117833&          123141\\
Bandwidth       &            0.17&            0.68&            2.33&            5.26&            6.12\\
AMSE (conventional)&         0.00462&         0.00279&         0.00122&         0.00151&         0.00050\\
AMSE (robust)   &         0.00216&         0.00071&         0.00028&         0.00019&         0.00024\\
\bottomrule \end{tabular}
